US shareholders are screwed

My Schwab rep has talked to everyone. Our class of rights are non-transferrable meaning the only thing we can do is buy more shares at $3.50. How fidelity sold them is beyone me. It angers me since my rights are worth $2,000.00 . Why did PE agreed to this ridiculous agreement . His shares are possibly in a US account. Wouldn't mind the extra 2K this time of year. AND I can't go to Cuba so furgitboutit. martin